Mineral production grows by 8 percent in February (See 'Corp Brief') SARFAESI Act - Court refrains to adjudicate matter on merits when matter is already pending in DRAT : HC (See 'Legal Desk') Coal production in April up by 7.4% (See 'Corp Brief') SEBI Act - Appellants have made case for stay as rigours of directions of SEBI order would adversely affect business of Appellant as well as their clients : SAT (See 'Legal Desk') Trade Mark Act - Marks 'BETSONE' and 'BETASON' are deceptively similar to registered trademark 'BETNESOL' and visually, phonetically and structurally alike, with minimal alterations : HC (See 'Legal Desk') Voting by tribal communities blossoms as ECI's outreach to them bears fruit (See 'Corp Brief') SARFAESI Act - No fault can be found with respondent financial institution invoking Section 14 of SARFAESI Act by approaching District Magistrate, Rewa : HC (See 'Legal Desk') Ministry of Parliamentary Affairs observes Swachhata Pakhwada (See 'Corp Brief') Arbitration Act - Arbitral award cannot be interfered with if view of arbitral tribunal is plausible one : HC (See 'Legal Desk') IBC - Asset memorandum shall not be accessible to any person during liquidation : IBBI (See 'Legal Desk') Critical Minerals Summit concludes (See 'Corp Brief') Cr.P.C. - While adjudicating on bail application court is duty bound to ensure that accused's right to life and right to health is not violated : HC (See 'Legal Desk') PMLA - Petitioner cannot claim bail as matter of right for treatment only at specialized hospital of his choice : HC (See 'Legal Desk') SEBI (Research Analysts) Regulations, 2014 for ontravention of RA Regulations Certificate of Registration of Noticee Gaurav Sarda can be cancelled : SEBI (See 'Legal Desk') REC Ltd declares financial results, records highest ever annual net profit (See 'Corp Brief') Trade Marks Act - Defendant's adoption of Trademark is not in good faith and potential confusion encroaches upon Plaintiff's statutory trademark rights : HC (See 'Legal Desk') SEBI Act - Noticee was maintaining call records which were sent to SEBI : SEBI (See 'Legal Desk') Arbitration - Petition u/s 29A for extension of mandate of Arbitral Tribunal can be filed even after mandate has expired : HC (See 'Legal Desk') Mines Ministry to hold 2-day Critical Minerals Summit (See 'Corp Brief') IBC - When one party owes debt to another and creditor is claiming under written agreement providing for rendering 'service', debt is operational debt if claim of debt has some connection with service : SC (See 'Legal Desk') Companies Act - Stamp duty @5% market value of property is liable to be paid only when property is situated within State of Madhya Pradesh otherwise not : HC (See 'Legal Desk') SEBI Act - Final opportunity of inspection of documents and cross-examination of witnesses should be given to Appellants : SAT (See 'Legal Desk') SARFAESI Act - Mere discovery of new or important matter or evidence is not a sufficient ground for review ex debito justitiae : HC (See 'Legal Desk') Conference organized on Maritime Amrit Kaal Vision 2047 (See 'Corp Brief') PMLA -Bail application can be dismissed as petitioner failed to satisfy conditions for grant of bail : HC (See 'Legal Desk') CSIR, NIScPR organize national workshop to celebrate World Intellectual Property Day (See 'Corp Brief') SEBI Act - Appellants have failed to substantiate their claim of financial distress nor have they brought any new fact or circumstances requiring grant of interim relief : SAT (See 'Legal Desk') ACC delivers lifetime highest annualised PAT (See 'Corp Brief') Trade Mark Act - Marks are visually phonetically and deceptively similar to Plaintiffs' trademarks : HC (See 'Legal Desk') SJVN inaugurates First Multi-purpose Green Hydrogen Pilot Project (See 'Corp Brief') IBC - Even if CIRP commences, Directors, who are incharge of affairs of Company cannot be absolved of any wilful default committed by borrower Company : HC (See 'Legal Desk') REC to extend loan of Rs 1869 Cr for Kiru Hydro Electric Project (See 'Corp Brief')

Print

CSR now getting mainstreamed through Companies Act: MoS

Published: May 18, 2017

By TIOLCORP News Service

NEW DELHI, MAY 18, 2017: THE Minister of State for Finance and Corporate Affairs, Mr Arjun Ram Meghwal, has said that Corporate Social Responsibility (CSR) is getting mainstreamed through the Companies Act 2013. While highlighting that CSR has been a traditional part of the Indian culture. He said that historical struggle of Mewar was greatly supported by contributions of Bhama Shah. He underscored that paying back has now been given a formal shape through the Companies Act. Mr Meghwal was speaking on the occasion of Valedictory Ceremony of the Indian Institute of Corporate Affairs (IICA) Certified Professional in CSR course organised at the campus of IICA, Manesar, Gurugram here today. He was addressing a gathering of CSR experts, corporate leaders and development practitioners and academicians.

Speaking on the occasion, Mr Arjun Ram Meghwal said that with corruption free governance, endorsement and over-whelming support of all the citizens and corporates, and demographic dividend, India will be leading the comity of nations in the coming century. He also inaugurated a portal for effective communication amongst participants of the course and other stakeholders.

Referring to the process of responsible corporate governance through CSR, Mr Meghwal underlined the Government's desire to formally involve the corporate sector in the social development agenda of the country.

He also said that the provisions of this landmark legislation are most significant in the realm of business conduct, with CSR now being held as an integral measure of good and responsible corporate governance. It has also, for the first time, brought the issue of Corporate Social Responsibility from back rooms of corporates to their Board rooms.

During his speech, the Minister of State also complimented the 130 IICA certified professionals of Batch II on their course completion and exhorted the young students to contribute actively in their dedicated work of nation building through the skills and expertise developed through this course. Mr Meghwal gave away certificates to the students who successfully completed this prestigious course.

Addressing the gathering Mr Pritam Singh, Additional Secretary, Ministry of Corporate Affairs highlighted that corporate governance is fast evolving in India. The core idea behind setting up IICA to provide training and policy support to corporate and Government is now coming to fruition.

In his address, DG & CEO, IICA, Mr Sunil Arora underscored that a new paradigm brought by Companies Act 2013 is now taking shape of a movement. He further added that “IICA by providing high quality training and research support in the multi-disciplinary area of corporate affairs is seeking to widen, broaden and deepen its engagement with CSR”. “This is a leap of faith and not a step in dark as far as IICA's current efforts are concerned”, he further added.

Ms. Gayatri Subramaniam, Chief Programme Executive and Convener, National Foundation for Corporate Social Responsibility (NFCSR) welcomed the guests at today's event and Mr Mukesh Kumar, Chief Programme Executive, NFCSR proposed a vote of thanks in the programme.

The day's programme included an interactive panel discussion, chaired by Dr. Madhukar Gupta, Additional Secretary, Department of Public Enterprise, on the role of CSR professionals in delivering impactful CSR with participation drawn from ONGC, Bharat Electronics Limited, Charities Aid Foundation, SRF Foundation, IBM, Dalmia Bharat Foundation and HDFC Life.

 

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
taxindiaonline
A Taxongo Website. Copyright © 2016-2022 tiolcorplaws.com All rights reserved.